Akmal Nasrullah: Malaysia’s renewable energy transition to catalyse RM4.3b investment, create 7,738 jobs
KUALA LUMPUR, Aug 11 — Malaysia’s renewable energy transition is expected to catalyse about RM4.3 bill...
Malaysia's renewable energy transition is set to attract approximately RM4.3 billion in investments and generate around 7,738 indirect jobs, according to Economy Minister Akmal Nasrullah Mohd Nasir. This is anticipated through the successful completion of 42 projects, which span biogas, biomass, and small hydropower sectors, as part of the 2026 Feed-in Tariff (FiT) e-bidding exercise.
The approved projects are projected to contribute roughly RM617 million in demand for locally manufactured gas engines and boilers. Nasir emphasized that each ringgit invested in the transition should bolster Malaysian capabilities, deepen local supply chains, foster skilled employment, promote innovation, and enable Malaysian enterprises to compete across ASEAN.
A total of 48 applications were received under the FiT e-bidding exercise, with 42 projects awarded a cumulative net export capacity of 331.355 megawatts. These projects are expected to become operational between 2029 and 2030, with the generated electricity intended for domestic use.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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